By Angela McDaniels
Tacoma, Wash., Dec. 24 – HSBC USA Inc. priced $2.1 million of callable step-up rate notes due Dec. 23, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1% in year one, 2% in year two, 3.05% in year three, 4.1% in year four and 5.2% in year five. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on June 23 and Dec. 23 of each year from Dec. 23, 2016 to June 23, 2020.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Callable step-up rate notes
|
Amount: | $2.1 million
|
Maturity: | Dec. 23, 2020
|
Coupon: | 1% in year one, 2% in year two, 3.05% in year three, 4.1% in year four and 5.2% in year five; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on June 23 and Dec. 23 of each year from Dec. 23, 2016 to June 23, 2020
|
Pricing date: | Dec. 18
|
Settlement date: | Dec. 23
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40433UFB7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.